Source Raw Materials Locally, Osinbajo Urges Manufacturers

The Vice President of Nigeria, Professor Yemi Osinbajo has called on manufacturers to source for raw materials locally, so as to increase the country’s Gross National Product (GNP).

Osinbajo who made the call during the inauguration of Nestle Ready – to – Drink factory at Agbara, Ogun State, said this would contribute to the sustainable development of the economy.

He appreciated the company for citing the factory in the State, while calling on other investors to invest in Nigeria, as the country remained the preferred destination of choice for investments in Africa, assuring that the Federal government would continue to encourage private sector growth, through increased investment in infrastructure and security.

Meanwhile, the Vice President, while commissioning phase II and laying of foundation of phase III of Beloxxi Industries Limited also at Agbara, maintained that the Federal government was committed to actualising the objectives of its Economic and Recovery Growth Plan (ERGP).

Earlier, in his address, the Ogun State Governor, Senator Ibikunle Amosun, urged companies and corporate organisations in the State to ensure prompt payment of taxes, as well as support government on its infrastructural drive, through Corporate Social Responsibilities (CSR).

Amosun who was represented by his Deputy, Chief (Mrs.) Yetunde Onanuga, commended companies operating in the State for providing employment opportunities for Nigerians, particularly the people of the State, assuring that the State would continue to remain the safest place for business to thrive in Nigeria.

The Managing Director of Nestle Nigeria PLC, Mr. Maurigo Alarcon, said the plant was equipped with the state of the art equipment and had adopted high safety and environmental standards, which was a reflection of Nestle’s international shared value.